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February 27, 2013

New Hire Roundup: Former COO Nides Returns to Morgan Stanley

United Capital welcomes Brown; more

This week in new hires, Tom Nides rejoined Morgan Stanley; Rob Brown went to United Capital; and Vanguard announced several investment management changes.

Also, Arthur Aybar joined Cetera Advisors, and Matthew Schreiber became president of WBI Investments.

Tom Nides Rejoins Morgan Stanley as Vice Chairman

Morgan Stanley announced Tuesday that Thomas Nides, former deputy secretary of state and former chief operating officer of Morgan Stanley, will rejoin the firm as vice chairman. In his new role, he will have a broad mandate focusing on global clients and other key constituencies around the world. He will also work with senior management on issues related to external and government affairs. He will be a member of the operating and management committees and will report directly to James Gorman, chairman and CEO.

Before joining Morgan Stanley, Nides served as worldwide president and CEO of Burson-Marsteller and as chief administration officer of Credit Suisse First Boston, the investment banking division of Zurich-based Credit Suisse Group. He began his career on Capitol Hill as assistant to the majority whip of the House and executive assistant to the speaker. He later served as a senior vice president of Fannie Mae and as chief of staff to the U.S. trade representative.

Brown brings with him more than 25 years of experience in portfolio management for large foundations, endowments, pensions and ultrahigh-net-worth investors. His past roles have touched on various facets of the financial industry. They include executive-level positions at Genworth Financial, SEI and Envestnet; director at the CFA Institute; and chief investment officer of the Arizona Public Safety Personnel Retirement System.

Vanguard Announces Key Investment Management Appointments

Vanguard announced five key investment management appointments on Friday. Separately, Vanguard announced new portfolio management assignments involving 15 equity funds, 11 fixed-income funds, two balanced funds and the Vanguard Target Retirement Fund series. The changes were effective Friday with the filing of prospectus amendments that detail the leadership and portfolio manager assignments.

Joseph Brennan, who served in Australia as Asia Pacific CIO since 2009, will return to the U.S. to lead the equity index group. Brennan, whose move was announced in Australia in November, will oversee those responsible for more than 80 U.S. and international equity index funds and ETFs. Prior to his Australian post, the 12-year Vanguard veteran managed the portfolio review department, which selects investment advisory firms, monitors funds, and develops new products.

Gregory Davis, head of the bond index group since 2007, will assume the Asia Pacific CIO role, as also announced in November. He will head the Vanguard Australia team that manages equity and fixed-income portfolios available to Australian and Asian investors.

Josh Barrickman, a 14-year Vanguard veteran with more than 10 years of experience in bond indexing portfolio management and trading, has assumed leadership of the bond index group. He previously managed bond index funds with aggregate assets of $90 billion and led the bond ETF management process since the 2007 inception of fixed income ETF shares. Barrickman has been named a manager or co-manager on 13 funds.

John Ameriks will oversee the active equity group within the equity investment group. He joined the investment counseling and research group (IC&R) in 2003, assumed leadership of the group in 2008 and has been closely involved in the structure and implementation of several active and index investment products and strategies.

Catherine Gordon, a veteran investment professional who created IC&R in 2001, will resume leadership of this group, as well as help to lead initiatives on advice methodology and focus on institutional investment thought leadership. She previously directed the firm’s institutional advisory services group, which provides portfolio management and advisory services to defined benefit plans, endowments and foundations. Gordon, who joined Vanguard in 1994, also spent several years with the portfolio review department.

Aybar Joins New Business Development Team at Cetera Advisors

Cetera Advisors, formerly known as Multi-Financial, recently announced the addition of Arthur Aybar to its new business development team. Based in Boynton Beach, Fla., he will serve the east region, focusing his efforts on branch office development and attracting new advisors.

Aybar, whose financial services experience spans 17 years and a variety of roles, began his career as a financial advisor and equities trader before moving into business development roles with Cambridge Investment Research and Sterne Agee Financial. Most recently, he ran his own recruiting firm, BD Navigation.

WBI Investments Promotes Matthew Schreiber to President

Little Silver, N.J.-based WBI Investments, Inc. has announced the promotion of Matthew Schreiber to president. He will oversee the firm’s operations, marketing, sales, and new product development.

Schreiber is a principal and owner and serves as a senior member of the investment committee. He joined the firm in 2005 and served as vice president of business development and as an advisory member of the investment committee from 2007 to 2012.

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